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Riot police push protesters while attending to a wounded police agent in Sha Tin, Hong Kong. Photo: Ivan Abreu/SOPA Images/LightRocket via Getty Images

Hong Kong businesses are questioning if the city is safe after almost 3 months of protests, while others are being advised to create contingency plans if unrest continues, the BBC reports.

The big picture: Hong Kong's stock market is the 5th largest in the world, when considering the value of its traded companies. As of July, financial analysts said the territory's market hadn't yet suffered serious consequences — but regulatory changes caused by protests would be a different story entirely.

  • Some clients of law firm Harris Bricken are already turning away from Hong Kong — or asking how they can "lower their footprint" in the city, per the BBC.
  • Hong Kong's economy "will struggle to expand at all this year," according to a Thursday statement from Paul Chan, the city's financial secretary, Bloomberg reports. A stimulus package worth over $2 billion is in the works, according to Chan.

What's happening: Pro-democracy protesters have accused Hong Kong police of brutality and faced tear gas, rubber bullets and officers disguised as anti-government protesters.

  • Some protesters issued apologies this weekojectile on Aug. 11, causing a bloody scene that protesters blamed police for, per the Washington Post.
  • Some protestors issued apologies this week after demonstrations in Hong Kong International Airport devolved into "hand-to-hand clashes with riot police," the Post reports.

Go deeper: Investors worry Hong Kong protests could hurt business

Go deeper

3 hours ago - Technology

TikTok drives new nostalgia economy

Illustration: Shoshana Gordon/Axios

Older brands, trends and technologies are making a comeback as younger consumers desperately chase slower, less chaotic times.

The big picture: TikTok's algorithm makes it easy for flashback items to resurface and quickly go viral both on its platform and eventually on other social networks.

Updated 7 hours ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

8 hours ago - World

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne spent longer under lockdown than "any other city in the world" during the pandemic, Reuters notes.